Write your answer to ALL following questions in only ONE (1) Microsoft WORD file and upload the file. Only the submitted file will be marked. Don't write anything in the textbox. 1.a) CIRI Berhad issued a 9-year corporate bond carrying a coupon rate of 8%. Today's CIRI bond price is $940. Estimate the bond's yield to maturity if the par value of the bond is $1,000 and the bond pays semi-annual coupon payments. (6 marks) 1.b) Estimate the price of a 6-year corporate bond issued by Tamar BhD that has a coupon rate of 9%. Assume annual compounding, $1000 par value, and interest rate of 8%. (6 marks) 1.c) You noticed that the price of the 6-year corporate bond issued by Tamar BhD and explained in part (1.b) is greater its par-value. This bond is rated as BBB. Explain the reason why Tamar BhD bond sells at a premium. (4 marks) 1.d) You are a financial advisor of Sailand BhD, a financial services company. The CEO of Sailand BhD is considering buying 30-year corporate bonds issued by a well-established company. Currently, the interest rates are around 16%. Figure 1 below shows your prediction of the future interest rates in the next 30 years. Assuming other factors remain constant within the next 30 years, advise the CEO whether to buy the bonds. (4 marks) Figure 1. Your prediction of the future interest rates in the market 18% 116% 14% 12% 10% 8% 6% 4% 2% OX 2020 2030 2040 2050